The Digitex Futures Exchange has its own native cryptocurrency, called the DGTX token. The tick value of each Digitex futures market is 1 DGTX token, meaning that all trading profits and losses are denominated in DGTX tokens. Margin requirements are payable in DGTX tokens and traders account balances, deposits and withdrawals are denominated in DGTX tokens. Therefore, traders must own DGTX tokens to trade on Digitex’s commission-free, trustless futures markets, which creates demand for the DGTX token. According to Digtex white paper
This is therefore a utility token that will enhance sustainability of the Digitex Futures Exchange as it continues providing commission free futures trading service to the traders.
The token value will increase as the demand for the tokens by the traders on the Digitex Exchange increases, reason being that its mandatory for every trader on digitex exchange to buy and hold Digitex tokens in order for him to enjoy its transaction free exchange benefit. All account balances, profits and losses shall be reflected in DGTX tokens.
There are over 2000 cryptocurrencies and many more cropping up frequently through the various ICO launches that are being carried out every now and then. The number of Crypto exchanges is also escalating because of the increasing demand for them, arising from the many crypto projects and crypto enthusiasts all over the world.
Details about Adam Todd the founder & CEO of Digitex Futures
Adam ToddFounder of BetTrader, a popular ladder trading interface that's been online for 14 years that connects to the world's biggest betting exchange, Betfair.com. Ex pit trader at London International Financial Futures Exchange (LIFFE) and one of Betfair's most successful sports traders ever, once going 8 months of fulltime daily trading without a losing day. Source
Therefore, this background information about his success, exhibit Adam Todd as such a brilliant gentle man who thought it wiser to come up with the DGTX token and the transaction free exchange basing on the degree of experience he has acquired from the futures trading and the different research and studies he has done about blockchain and crypto.
Digitex had a successful ICO on the 15th January 2018 where it sold out a total number of 700million tokens to the public. Each token was sold at $0.01 each during the ICO. According to Adam Todd, they managed to raise $5.2million successfully in just 17 minutes which was something very incredible. The price of Digitex token has been appreciating in value that is from the moment of its successful ICO where it was at $0.01 to the current value of $0.075860 as per the current standings on the coinmarketcap.
According to the coinmarketcap 8th/10/2018, Digitex has a total marketcap of $53,119,098, a total volume of $646,599, a circulating supply of 700million DGTX tokens and a total supply of 1billion DGTX. DGTX has had an all-time high of around $0.086.
This is the current Digtex futures chart
Regardless of the bear market, the DGTX token has experienced Bullish movements in the past 9months as compared to the major coins that is Bitcoin and Ethereum. This is one of the indicators that reflect DGTX token as a potential digital currency that is worth investing in. It’s always better and safer to invest in a coin that is consistently increasing in value than a coin that is declining consistently overtime.
The DGTX token is designed with the core purpose of replacing the transaction fees on the Digitex futures Exchange. Every year there will be a creation of brand new tokens which shall be issued out in order to obtain revenue for covering up the costs of running the Exchange.
About Digitex Futures Exchange
Digitex exchange is simply a zerofees bitcoin futures exchange having its own digital currency DGTX. The exchange has decentralised account balances that are run democratically by the traders. Digitex Futures exchange will officially begin operations in December this year.
How to Access DGTX tokens
DGTX is an already public and a tradable token which is live on the coinmarketcap, LiveCoinWatch, Blockfolio.
1- DGTX tokens Can be purchased on Mercatox exchange
2- You can as well participate in the 6million air drop campaign where 5000 people on the waiting list shall be rewarded with 1000 DGTX tokens each. I published a blog post about it which you can check out here for more details to it.
According to Adam Todd “after Malta Blockchain Summit, the DGTX token shall be listed on more major exchanges which will contribute to more publicity of the Token and ease the access of the token to a wider group of people.”
Take a look at the Press Release
Chat with the Digitex team on following social sites.